THE JOB AT A GLANCE
As a Compliance Monitoring Officer, you will be reporting to the Compliance Officer. You will be responsible for conducting periodic compliance monitoring reviews to identify issues of non-compliance in the business. You will also be responsible for delivering effective compliance and risk monitoring plans (CRMP’s), conducting monitoring reviews and compiling monitoring reports across the RMA Group and any other associates of the Group as mandated.
WHAT WILL YOU DO?
Monitoring Planning and Implementation:
- Completion of CRMP's and the themed monitoring as per the approved Annual Compliance Plan.
- Facilitate Regulatory Control Workshops with affected Departments on upcoming planned Monitoring reviews.
- Review and improve on the current compliance control environment (where required) on applicable legislation and new legislative developments via the CRMP’s.
Monitoring Reviews:
- Conduct monitoring reviews of regulatory compliance, legislation and polices through manual processes / the electronic compliance software system.
- Review the adequacy and effectiveness of the current controls and action plans.
- Keep working papers and adhere to the Compliance Monitoring Methodology.
Monitoring Report:
- Prepare the monitoring report as per Group Compliance standards.
- Assist in presentation of the monitoring report to the stakeholders.
- Follow up on and manage agreed actions with the business.
- Capture all findings raised during monitoring reviews on the central findings register and update the register regularly.
- Track the remediation progress of open findings raised during reviews to closure.
Adhoc Monitoring and other Initiatives:
- Conduct adhoc monitoring and investigations.
- Participate in regulatory projects implementation.
- Maintain relationships with the Divisional areas, internal audit, and other related compliance & risk management functions.
- Perform administrative tasks allocated to you by management from time-to-time
WHAT YOU'LL BRING TO THE TABLE?
- LLB / BCom or Internal Audit Degree, or
- Occupation Certificate: Compliance Officer (NQF Level 6) (Advantageous)
- Professional Compliance Designations i.e. CPrac (SA) or AML CPrac (SA) (Advantageous)
- 2 – 4 years 'experience in a similar role.
- Member of the CISA (Advantageous).
- Working knowledge of FAIS, Insurance Act, Long Term Insurance Act, Policyholder Protection Rules, AML will be an added advantage.
- Strong planning and analytical skills.
- Excellent verbal communication and writing skills.
- Ability to work under pressure and meet deadlines.
- Good presentation skills and ability to interact with management.
- Experience in compiling compliance reports.
- Good knowledge of Microsoft Office.
- Highly motivated, accurate, methodical and able to prioritise effectively.
- Ability to liaise with colleagues and work supportively and collaboratively when necessary and/or appropriate.
WHAT WILL YOU GET IN RETURN?
We offer great opportunities for personal and professional development in a stable company that’s 131 years strong. The role comes with a competitive salary package and various benefits. Flexible work arrangements (combination of remote and in the office). Furthermore, you will be a part of a dedicated group of colleagues who value teamwork and collaboration.
Turnaround time
The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers. Kindly note that should you not receive a response within 21 days please consider your application unsuccessful.
Our Commitment to transformation:
In accordance with the employment equity plan of Rand Mutual Assurance and its employment equity goals and targets, preference may be given, but is not limited, to candidates from under-represented designated groups.
- LLB / BCom or Internal Audit Degree, or
- Occupation Certificate: Compliance Officer (NQF Level 6) (Advantageous)
- Professional Compliance Designations i.e. CPrac (SA) or AML CPrac (SA) (Advantageous)
- 2 – 4 years 'experience in a similar role.
- Member of the CISA (Advantageous).
- Working knowledge of FAIS, Insurance Act, Long Term Insurance Act, Policyholder Protection Rules, AML will be an added advantage.
- Strong planning and analytical skills.
- Excellent verbal communication and writing skills.
- Ability to work under pressure and meet deadlines.
- Good presentation skills and ability to interact with management.
- Experience in compiling compliance reports.
- Good knowledge of Microsoft Office.
- Highly motivated, accurate, methodical and able to prioritise effectively.
- Ability to liaise with colleagues and work supportively and collaboratively when necessary and/or appropriate.
